Showing 1 - 10 of 1,011
We examine the factors that determine the differences in ex ante returns on equities in eleven Pacific Basin countries. Our concern is whether real return differentials are primarily caused by nominal return differentials or expected changes in real exchange rates. We find that nominal return...
Persistent link: https://www.econbiz.de/10012763463
of Hong Kong, Singapore, South Korea and Taiwan. Participation rates, educational levels and (with the exception of Hong …
Persistent link: https://www.econbiz.de/10013233017
reaction to adverse shocks to Sino-Japanese relations in 2005 and 2010. Japanese companies with high China exposure suffer … relative declines during each event window; a symmetric effect is observed for Chinese companies with high Japanese exposure …. The effect on Japanese companies is more pronounced for those operating in industries dominated by Chinese state …
Persistent link: https://www.econbiz.de/10013054515
subcontracting. `Illegal' trade between China and Taiwan has been induced by Taiwan's `no direct trade' policy. Illegal trade such as …China's trade has three features: high incidence of re-exports through Hong Kong, high degree of trade related to ….S. data and accounting for re-exports, the U.S.-China trade balance has to be lowered by 35 percent. Foreign investments in …
Persistent link: https://www.econbiz.de/10013233022
A growing body of empirical literature finds that consumers are relatively limited in how much they search over product characteristics. We assemble a dataset of search and purchase behavior from eBay to quantify the returns, and thus implied costs, to consumer search on the internet. The...
Persistent link: https://www.econbiz.de/10012989733
Search frictions can explain why the "law of one price" fails in retail markets and why even firms selling commodity products have pricing power. In online commerce, physical search costs are low, yet price dispersion is common. We use browsing data from eBay to estimate a model of consumer...
Persistent link: https://www.econbiz.de/10013032706
Data on sales of memory modules are used to explore several aspects of e-retail demand. There is a strong relationship between e-retail sales to a given state and sales tax rates that apply to purchases from online retailers. This suggests that there is substantial substitution between online...
Persistent link: https://www.econbiz.de/10012752281
This paper considers the effects of Chinese import competition on firm-level labor market outcomes in Portugal. We … Portuguese firms faced Chinese import competition, based on firm product mix and distribution of sales across countries. We find … economically and statistically significant employment declines in firms with more exposure to Chinese competition in European …
Persistent link: https://www.econbiz.de/10012862862
benefit. Differentiation increases the gains from trade. In establishment data from China spanning its 2001 WTO accession …
Persistent link: https://www.econbiz.de/10012918372
increasing import penetration, China's entry into the WTO, and growing US multinational employment abroad. We find significant … between industry and occupational analyses. While other research has focused primarily on China's trade, we find that … offshoring to China has also contributed to wage declines among US workers. However, the role of trade is quantitatively much …
Persistent link: https://www.econbiz.de/10013026297